CALGARY, AB--(Marketwire - December 6, 2007) - Gemini Explorations, Inc. ("Gemini") (OTCBB: GXPI) is very pleased to report that it has commenced the modernization and
complete re-development of the Los Chorros Gold Mine. Minera Primecap
Geological Services (MPGS) of Medellin, Colombia will be managing the
project on behalf of Gemini. The upgrade should be complete in the first
half of 2008. The total cost of the project is estimated to be US$595,900;
adding a contingency factor of 30% would bring the maximum projected total
to US$774,700.

The Los Chorros Mine is currently being mined with extremely antiquated
equipment and this report further solidifies Gemini's belief that the
project could be turned into a highly efficient producing gold project with
low capital costs. Current mining operations at Los Chorros recover a low
percentage of the available gold and precious metals present on the
property. The plant would initially run at 30 to 50 tonnes/day with a
targeted production rate of 100 tonnes per day during the first year.
Minera Primecap Geological Services (MPGS) reported that a 100 tonne per
day production rate would produce US$1,080,280 monthly and over
US$12,900,000 annually. These estimates are based on US$730 per ounce gold
with US$200 per ounce operating and production costs netting US$530 per
ounce.

Historically one of the largest gold producing countries in the world,
Colombia's vast mineral potential has remained virtually unexplored using
modern exploration and mining techniques. The Department (Province/State)
of Antioquia alone produces over 1,000,000 ounces of gold per year
currently, and most of it is produced from antiquated production equipment
and facilities. Driven by a new era of political and economic stability and
an investment-friendly mining code, Colombia has emerged as one of the
resource sector's most attractive new mining frontiers.

Notice Regarding Forward-Looking Statements

This news release contains "forward-looking statements," as that term is
defined in Section 27A of the United States Securities Act of 1933 and
Section 21E of the Securities Exchange Act of 1934. Statements in this
press release which are not purely historical are forward-looking
statements and include any statements regarding beliefs, plans,
expectations or intentions regarding the future. Such forward-looking
statements include, among other things, the expectation of the gold
production of the property, the expected completion date of the
redevelopment and modernization of the Los Chorros Gold mine and the low
capital costs to upgrade the Los Chorros operating plant and the net cash
flow estimates.Actual results could differ from those projected in any
forward-looking statements due to numerous factors. Such factors include,
among others, the inherent uncertainties associated with mineral
exploration. These forward-looking statements are made as of the date of
this news release, and we assume no obligation to update the
forward-looking statements, or to update the reasons why actual results
could differ from those projected in the forward-looking statements.
Although we believe that the beliefs, plans, expectations and intentions
contained in this press release are reasonable, there can be no assurance
that such beliefs, plans, expectations or intentions will prove to be
accurate. Investors should consult all of the information set forth herein
and should also refer to the risk factors disclosure outlined in our annual
report on Form 10-KSB for the 2006 fiscal year, our quarterly reports on
Form 10-QSB and other periodic reports filed from time-to-time with the
Securities and Exchange Commission.